Toowong is a leafy city rim haven filled with a mix of grand Queenslander homes, worker’s cottages, older style unit complexes through to the contemporary luxury riverfront apartments.
Here, we delve into the Toowong property market to find out what makes this suburb so highly sought-after. We also look at the 2020 Toowong market update, current Toowong property prices and the Toowong suburb profile.
The median sale price for Toowong is $1,004,000 which represents 12.15% growth YoY. Apartments in Toowong are achieving a median sale price of $440,000 and 3.53% YoY growth. In the rental sector, houses in Toowong average rent of $565pw while apartments in Toowong average rent of $435pw.
January update based on the most recent property data released from CoreLogic (September 2020).
Nestled in the foothills of Mt Coot-tha, Toowong is one of those fantastic inner-city suburbs that enjoys the best of both worlds.
People are drawn to the area because of the character homes, great schools, buzzing shopping precinct and proximity to the city.
There is a unique lifestyle on offer in Toowong, where residents can ride or walk along the river to work and return home to a leafy, peaceful neighbourhood filled with parks and leisure activities.
QASMT Expands
One of Brisbane’s most highly regarded schools, the Queensland Academy for Science, Mathematics and Technology, is expanding with Stage 2 of the project well underway.
The $36.3M project includes a new Northern Learning Centre which will deliver educational infrastructure for the inaugural class of Year 8 in 2020.
While schools are a key driving force for the Toowong property market, the area has experienced a fluctuation in values throughout the recent property cycle.
Toowong property market proves resilient
Low consumer confidence, uncertainty around taxation reform and tightened lending policies, all impacted Toowong’s property market.
However, in the face of uncertain times, the area has proved resilient and we have already seen Toowong’s property prices bounce back.
The median sale price for Toowong is now $880,000 as of April 2020, which is 3.4% higher than the area’s peak back in 2017.
Interested to know more?
Read our full Toowong Suburb Profile in our latest Local Market Report.
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Byrony O’Neill
One of Toowong’s most experienced and hardest working agents, Byrony’s intimate market knowledge will help you sell your house, townhouse or apartment in Toowong.
Byrony’s property styling tips and advice on preparing your home for sale will guide you through how to sell your home.
M: 0412 132 480
E: byrony@byronyoneill.com
